Retirees Fight Windstream Plan To Cut Benefits
Retirees Fight Windstream Plan To Cut Benefits Save Email Print
Posted: 7:11 PM Dec 3, 2008
Last Updated: 10:12 AM Dec 4, 2008
Reporter: The Associated Press
Email Address: desk@kolnkgin.com

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Windstream Corp. wants a federal judge to affirm its authority to reduce retiree benefits even when the people affected retired from other phone companies that Windstream acquired over the years.

But the retirees argue that Little Rock, Arkansas, based Windstream and the companies it acquired -- Lincoln, Nebraska based Aliant Communications and its predecessor Lincoln Telephone Company -- promised to maintain retirement benefits.

A federal judge will hear arguments in the case on December 15.

In court documents, Windstream argues it has an absolute right to make any changes it wants to the retiree benefit plans. The retirees counter that they earned those benefits by working for the company at least 15 years.

Attorney David Domina, who represents the retirees, the benefits should be considered vested and permanent.

An attorney for the company did not immediately respond to a message Wednesday and a Windstream spokesman declined to comment.

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Posted by: Fenton Location: York on Dec 4, 2008 at 09:52 PM
When you take over a company, you aren't just taking over the profits. You are also taking the responsibility to take care of the employees. How many times already have we seen big companies cutting cost any way they can and raising profits and padding the wallets of the "Top Office" executives? It makes me sick to see people getting rich by cutting jobs and benefits. Who do they think actually made that money for them?

Posted by: Jody on Dec 4, 2008 at 06:50 PM
Many retirees put money into retirement only to be told that what they were promised them is not theirs. If I where to make a deposit in a savings account, and the bank later told me that I couldn't get my money, as promised, I don't think I would be happy. If Windstream purchased these companies, you know they bought them with an eye to making a profit. More of their profit should have been set aside to make sure they could pay for their obligations. Just because I would like to pay less mortage than I said I would does not give me the right to call the bank and say oops I need more money so you get less. They made obligations, now they should stand by those obligations. They would expect you or I to stand by any obligations we made to their company, why shouldn't we expect the company to stand by their obligations.

Posted by: don Location: Lincoln on Dec 4, 2008 at 02:41 PM
Aparently when a comppany offers you a buy out which includes health insurance it's ok in the minds of those who don't have that option that the company whould be able to do what they want and take it away. I wonder if this kind of business is ok for the whole work force in America!

Posted by: Anonymous on Dec 4, 2008 at 09:34 AM
Profits for the stock holder above all else. I could understand cutting these benefits if the CEO and upper management were willing to take pay cuts.

Posted by: Retiree Location: Lincoln on Dec 4, 2008 at 08:36 AM
It is exceptional and unrealistic in this day and age to expect a company to pay benefits to retirees regardless of promises made in the past. It puts present employees and their families in jepardy.Many of us pay for our own insurance and Medicare premiums at a sacrifice. Don't jepardise your childrens future.

Posted by: Doris Location: Lincoln,Ne on Dec 3, 2008 at 10:55 PM
whow what a bummer. work for tele co. and they try to take away retirees benefits.shame shame,shame.who can one trust?

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